Hartford Financial Core Earnings Jump

TODAY: July 28, 2015 PUB DATE: July 28, 2015

Hartford Financial Services Group Inc. said its second-quarter core earnings more than doubled, rising well above analysts' estimates, helped by improved underwriting results. The company also announced plans to boost its dividend and increase stock buyback and debt repayments. The ...

Federal Lawmakers Propose Credit Reporting Changes

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Katy Stech WASHINGTON--A group of Democratic lawmakers is proposing a bill that would make it easier for people who got rid of credit-card debt using bankruptcy to fix inaccurate credit reports that don't reflect they have earned a clean ...

Federal Lawmakers Propose Credit Reporting Changes

TODAY: July 28, 2015 PUB DATE: July 28, 2015

WASHINGTON?A group of Democratic lawmakers is proposing a bill that would make it easier for people who got rid of credit-card debt using bankruptcy to fix inaccurate credit reports that don't reflect they have earned a clean financial slate. U.S. ...

Mylan's Leverage to Resist Teva Deal Reveals Shift in Rules

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Shayndi Raice and Liz Hoffman At a heated meeting with Mylan NV's executive team in a Manhattan conference room in May, several investors complained about the drug maker's resistance to a $40 billion takeover proposal from Teva Pharmaceutical Industries ...

Thailand's Finance Ministry Braces for Lower Growth in 2015

TODAY: July 28, 2015 PUB DATE: July 28, 2015

Nopparat Chaichalearmmongkol BANGKOK-Thailand's finance ministry cut its 2015 growth estimate for the third time this year, citing continued pressure from the global economic slowdown. According to the ministry's Fiscal Policy Office, Thailand's GDP should expand 3.0% this year, down from ...

GM to Invest $5 Billion in Designing Emerging Market Cars

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By John D. Stoll General Motors Co. will work with a Chinese auto maker on a $5 billion initiative to overhaul how it creates cars for developing markets, a move that represents the U.S. auto maker's first major development project ...

Rising Costs Strike at German Competitiveness

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Nina Adam FRANKFURT--Spiraling German labor costs are starting to undermine the country's famed competitiveness, threatening to hurt economic growth and investment in Europe's largest economy. Propelled by a healthy economy and record-low unemployment, labor costs here are rising fast, ...

ASIA MARKETS: China Shares Weak A Day After Record Plunge

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Chao Deng China's shares bounced from their lows Tuesday, after an 8.5% drop a day earlier spurred declines in global markets and prompted questions about what Beijing's next steps to stem selling might be. The Shanghai Composite Index was ...

PartnerRe Swings to a Loss

TODAY: July 28, 2015 PUB DATE: July 28, 2015

Reinsurer PartnerRe Ltd. swung to a second-quarter loss as it reported a sharp drop in revenue and a large loss in investments. The Bermuda-based company, which is at the center of a merger tug of war between Axis Capital Holdings ...

NAB Moves to Sell Remaining Stake in Great Western Bank

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Robb M. Stewart MELBOURNE, Australia--National Australia Bank Ltd. (NAB.AU) has moved to sell its remaining stake in regional U.S. lender Great Western Bancorp Inc. (GWB) as it refocuses on its core Australian and New Zealand franchises. NAB said Tuesday ...

Oil Trading Near Four-Month Lows

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Biman Mukherji HONG KONG--Oil prices are trading near four-month lows on Tuesday as a plunge in Chinese equities battered investment sentiment. The sell off in equities market is being seen as a symptom of a wider economic malaise affecting ...

Eastman Chemical Reports Higher Earnings

TODAY: July 28, 2015 PUB DATE: July 28, 2015

Eastman Chemical Co. reported a surprising increase in earnings in its most recent quarter, boosted by recent acquisitions. "Our earnings outlook for the year has improved due to our record second-quarter earnings," said Mark Costa, Eastman Chemical chairman and chief ...

South Korea MERS Outbreak Is Over, Government Says

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Alastair Gale SEOUL--South Korea declared an end to its outbreak of Middle East Respiratory Syndrome on Tuesday as it scrambles to lure back tourists scared away by the deadly virus and limit economic damage. Since the first case of ...

Danone's New Boss Looks to Revive Fortunes in China

TODAY: July 28, 2015 PUB DATE: July 27, 2015

PARIS?When it comes to dealing with problem units in China, Danone SA has a tried and tested playbook: shed them. The French maker of Activia yogurt and Aptamil baby milk said last week it was calling time on efforts to ...

Fed Officials May Offer More Clarity on Rates

TODAY: July 28, 2015 PUB DATE: July 27, 2015

Federal Reserve officials are likely to emerge from their policy meeting Wednesday with short-term interest rates still pinned near zero, though they could send fresh hints that they're getting closer to raising rates. Fed Chairwoman Janet Yellen emphasized in congressional ...

Big Media Catch Daily-Fantasy-Sports Bug

TODAY: July 28, 2015 PUB DATE: July 27, 2015

By Lora Kolodny Sports subsidiaries of Walt Disney Co., Time Warner Inc. and 21st Century Fox Inc. are jockeying to acquire stakes in nascent digital fantasy-sports businesses. Media companies want a piece of the latest revenue stream: daily fantasy-sports games ...

Osborne Pushes U.K. Case for EU Reform in Paris

TODAY: July 28, 2015 PUB DATE: July 27, 2015

LONDON?U.K. treasury chief George Osborne has kicked off a six-month diplomatic offensive in Paris in the hope of building support in European capitals for British efforts to reshape the U.K.'s relationship with the European Union. Mr. Osborne, a close ally ...

Teva to Buy Allergan Generics for $40.5 Billion -- 2nd Update

TODAY: July 28, 2015 PUB DATE: July 27, 2015

By Jonathan D. Rockoff, Dana Mattioli and Liz Hoffman Teva Pharmaceutical Industries Ltd. on Monday said it would buy Allergan PLC's generics unit for $40.5 billion in cash and stock, in a deal that will vault the Israeli company into ...